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BusinessFinance and Investment

Executive Diploma in Merger and Acquisition
行政人員文憑/行政人員證書(企業併購與整合)

Course Code
EP020A
Application Code
1565-EP020A
Study mode
Part-time
Start Date
06 Jan 2018 (Sat)
Next intake(s)
Feb 2018
Duration
6 months
Language
English
Course Fee
HK$5970 per module; Total programme fee:HK$17910. Course Fees are non-refundable and subject to change without prior notice.
Apply Now
Deadline on 27 Dec 2017 (Wed)
Enquiries
2520 4612
2858 4750
買買買, 先有復星, 再有恒大, 海航
槓桿收購之風愈演愈烈, 來找出個原因

Executive Diploma in Merger and Acquisition provides an overview of the various aspects of M&A transactions and is particularly relevant to professionals who are engaged in corporate strategic planning, finance, business development and giving out legal advice.
 

For the fourth consecutive year, the total value of global M&A transactions is projected to surpass $3 trillion….  by Goldman Sachs

China leads Asia’s outbound mergers and acquisitions by SCMP

從1千萬到1萬億:海航集團像迷一樣的存在

HKU SPACE has developed a series of Investment Banking courses, namely Executive Diploma/Executive Certificate in Investment Banking and Executive Diploma/Executive Certificate in Merger and Acquisition with the objective of addressing the market demands for professionals who are well-versed in the various investment banking functions. 

On completion of 5 modules, students will be able to obtain two Executive Diplomas.

Module

Awards

  • Strategic Issues in M&A
  1. Complete any 2 modules: Executive Certificate in Merger & Acquistion; or
  2. Complete all 3 modules: Executive Diploma in Merger & Acquistion
  • Due Diligence, Tax and Accounting Issues in M&A
  • Business Valuation and Financing

This programme is designed for those who aspire to develop a career in investment banking, merchant banking, management consultancy and/or those who wish to enrich their understanding of the mechanisms of mergers and acquisition transactions. The programme aims to provide participants with an overview of the various aspects of M&A operations and shall be particularly relevant for professionals who are engaged in corporate development and the corporate finance function within a commercial firm.

Days / Time
  • Saturday, 2:00pm - 9:00pm
Duration
  • 30 hours per module
  • 5 lecture(s)
  • 6 hours per session
Venue

This programme covers fundamental theories with practical cases.  It consists of 3 modules; each module has 30 contact hours of teaching.

Module 1 : Business Valuation & Financing
Module 2 : Due Diligence, Tax and Accounting Issues in M&A
Module 3 : Strategic Issues of M&A

Module 1 : Business Valuation & Financing (Course Content)

This course is designed to provide students with an understanding of the methods of business valuation. Topics include: an overview of the financing process, the pros and cons of using financial ratios and interpretations of financial statements, as well as a review of the shortcoming of capital budgeting tools.

Lecturer: Mr. Francis Lau
Mr. Lau has over 10 years’ experiences in financial risk management, quantitative analysis, MIS and regulatory reporting for retail, wholesale and investing banking.  His expertise are in implementing risk management measures in compliance with latest regulatory requirements, operating processes and internal control.  Mr. Lau is a FRM® charter-holder with a Bachelor of Economics and a Master of Finance degree. He is currently pursuing his Ph. D. degree in the dynamic relationships between futures and cash instruments.  With his keen interest, Mr. Lau continues to provide training in the continuing education programs for universities and professional associations. 

The objectives of this module are to:

  1. provide students with applied knowledge and skills that strengthen their ability to carry out their understanding of how financial analysis and valuation analysis are used in the sector of investment banking, especially in corporate finance and investment management;
  2. help students to develop basic financial models for valuation, which they can later enhance independently; and
  3. build up confidence of students in their use of PowerPoint and Excel spreadsheet, one of the more popular and widely utilized computational tools for valuation, financial analysis, management, and decision-making in many business environments.

On successful completion of this module, students should be able to:

  1. applying finance theories and techniques to assist with common valuation methodsininvestment banking field;
  2. using quantitative skills in financial analysis to solve operational and technical problems of the kind that typically confront valuation exercise; and
  3. constructing simple Excel spreadsheets and PowerPoint Presentation in business valuation process



Module 2 : Due Diligence, Tax and Accounting Issues in M&A (Course content)

This course is designed to provide students with an understanding of the accounting and tax aspects of the M&A process. Topics include accounting for M&A with respect to consolidation, assessing value of assets and liabilities of M&A. Other major topics include tax planning and foreign exchange impact on M&A with particular reference to cross-border transactions.

Lecturer: Dr. Victor Yeung
Dr. Yeung is a Fellowship Member of the Hong Kong Institute of Certified Public Accountants (HKICPA) and an Associate Member of Chartered Accountants in England and Wales.  He has over 10 years experience in audit and tax advisory with Big Four accountancy firms in London and Hong Kong.  In addition, he has also dealt with businesses across Asia and handled IPO process in the Hong Kong Stock Exchange. He has solid experience with Blue Chip Company handling Strategic Planning & Development as well as M&A deals in Europe and Asia with deals size over HK$ 10 billion. At present he is a senior management of an investment brokerage group and acts as director for various non-profit organizations and a mentor for university students.  He is a committee member of the Financial Service Interest Group in HKICPA and regularly publishes articles on worldwide financial markets in local newspaper.

On successful completion of this module, students should be able to:

  1. evaluate and conduct due diligence process in M&A transaction;
  2. critically analyse accounting methods in M&A;
  3. assess value of assets and liabilities of M&A;
  4. critically analyse tax planning and foreign exchange impact in M&A with particular reference to cross-border transaction.

 

Module 3 : Strategic Issues of Merger and Acquisition (Course Content)

This course is designed to provide students with an overview of the various aspects of the merger and acquisition (M&A) process. Topic include M&A strategic, M&A transaction process, deal structuring, post-merger integration, and cross-border M&A.

Lecturer: Mr. Kong
The lecturer is currently an independent consultant providing various financial advisory and consulting services to small and medium size companies. He has around 20 years experience in the areas of financial analysis, merger and acquisitions and general financial advisory and has worked in a couple of major publicly-listed corporations in Hong Kong. He has both a Bachelor degree and an MBA degree from Chinese University of Hong Kong, is qualified as a CFA charter holder and also holds accounting qualifications such as CPA and FCCA.  His experience spans a diverse range of industries such as electric power, infrastructure, telecommunications, information technology, environmental and consumer products.  He has over 6 years of teaching experience in Finance at various education institutions.

On successful completion of this module, students should be able to:

  1. identify the motives underlying a takeover/merger deal;
  2. explain the reasons why a company repurchases its own shares;
  3. examine causes and consequences of takeovers;
  4. debate the role of the Corporate Raider;
  5. examine causes and consequences of Management Buyouts;
  6. appreciate issues of Executive Compensation and Corporate Ownership;
  7. understand Corporate Governance.

Students' performance in each course shall be assessed both by continuous course work assignments (30%) and a final project (70%).

In order to pass each course, student is required to meet 70% attendance requirement and achieve 50% or above in the overall assessment. A Statement of Attendance will be granted for candidates who satisfied the first criteria only.

Strategic Issues of Merger and Acquisition (M05823)

Date

Time

Venue

6-Jan

(Sat)

1400-1700&1800-2100

TBC

13-Jan

(Sat)

1400-1700&1800-2100

TBC

20-Jan

(Sat)

1400-1700&1800-2100

TBC

27-Jan

(Sat)

1400-1700&1800-2100

TBC

10-Feb

(Sat)

1400-1700&1800-2100

TBC

Remarks: Tentative timetable is subject to change and course commencement is subject to sufficient enrollment numbers.

 

Due Diligence, Tax and Accounting Issues in M&A (M05819, W02498)

Date

Time

Venue

24-Feb

(Sat)

1400-1700&1800-2100

TBC

3-Mar

(Sat)

1400-1700&1800-2100

TBC

10-Mar

(Sat)

1400-1700&1800-2100

TBC

17-Mar

(Sat)

1400-1700&1800-2100

TBC

24-Mar

(Sat)

1400-1700

TBC

7-Apr (Sat) 1400-1700 TBC

Remarks: Tentative timetable is subject to change and course commencement is subject to sufficient enrollment numbers.

Business Valuation & Financing (M03551)

Date

Time

Venue

28-Apr

(Sat)

1400-1700&1800-2100

TBC

5-May

(Sat)

1400-1700&1800-2100

TBC

12-May

(Sat)

1400-1700&1800-2100

TBC

19-May (Sat) 1400-1700&1800-2100 TBC
26-May (Sat) 1400-1700&1800-2100 TBC

Remarks: Tentative timetable is subject to change and course commencement is subject to sufficient enrollment numbers

Applicants should:

  • hold a bachelor’s degree in the relevant discipline(s) awarded by a recognized university; or
  • hold relevant and recognized professional qualifications in related business area; and have at least 3 years of work experience in the relevant industry. Or
  • hold an Associate Degree/Higher Diploma or equivalent with at least 6 years of senior level work experience in the relevant industry is required.

Applicants with other qualifications and substantial senior level work experience will be considered on individual merits.

Executives working in other relevant industries are most welcome to apply.

Application Fee

HK$150 (Non-refundable)

Course Fee
  • HK$5970 per module; Total programme fee:HK$17910. Course Fees are non-refundable and subject to change without prior notice.
  • The CEF Institution Code of HKU SPACE is 100

CEF SectorFinancial Services

CEF Courses
Strategic Issues of Merger and Acquisition (Module from Executive Diploma/Certificate in Merger and Acquisition Programme)
COURSE CODE 23Z07279-5 FEES $5,970 ENQUIRY 2520-4612
Due Diligence, Tax and Accounting Issues in M&A (Module from Executive Diploma/Certificate in Merger and Acquisition Programme)
COURSE CODE 23Z07280-9 FEES $5,970 ENQUIRY 2520-4612
Business Valuation and Financing (Module from Executive Diploma/Certificate in Investment Banking and Executive Diploma/Certificate in Merger & Acquisition Programme)
COURSE CODE 23Z07281-7 FEES $5,970 ENQUIRY 2520-4612

Continuing Education Fund

For CEF application details, please visit http://www.wfsfaa.gov.hk/cef/en/index.htm

Continuing Education Fund reimbursable programme Continuing Education Fund reimbursable programme (selected modules only)
Some modules of this programme have been included in the list of CEF reimbursable programmes. Application for CEF has to be made before commencement of the modules.

Application Form Application Form

Enrolment Method

Application Procedure

Applicant should submit the following:

1. Application form

2. Application fee HK$150 (non-refundable)

3. Copy of academic/ professional qualification

4. HKID copy

Admission is on a first-come, first-served basis. Enrolment will be confirmed once you have made the payment. You will receive a payment confirmation after payment has been made processed successfully. You are advised to keep your payment confirmation for future enquiries.

Upon successful admission into the programme, student is require to follow enrolment procedure:

  1. Enrolment form
  2. Enrolment fee

Late applications /enrolments are subject to program leader’s approval and possible late payment charges.

Payment Method

1. Cheque or Bank Draft

Course fees can also be paid by crossed cheque or bank draft made payable to "HKU SPACE". Please specify the programme title(s) for application, student's name, and student card number (if applicable). You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrollment centres.
  • or mail the above documents to any of the HKU SPACE enrollment centres, specifying 'Course Application' on the envelope. HKU SPACE will not be responsible for any loss of payment sent by mail.

2. VISA/MasterCard

Applicants may also pay the course fee by VISA or MasterCard, including "HKU SPACE MasterCard", at any HKU SPACE enrollment centres. Holders of HKU SPACE MasterCard can enjoy a 10-month interest-free installment period for courses with a tuition fee of HK$2,000 to $40,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any of the enrollment centres.

Notes

  1. For general and short courses, applicants may be required to pay the course fee in cash or by EPS, Visa or MasterCard if the course is to start shortly.
  2. Fees paid are not refundable except under very exceptional circumstances, subject to the School's discretion.
  3. In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries of the relevant programme teams for details.
  4. Fees and places on courses cannot be transferred from one applicant to another. Fees quoted in this brochure apply only to the sessions of studies specified within the brochure and may be subject to revisions even after admission onto this programme. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of $120 will be levied on approved transfers.
  5. Unless a course is over-subscribed or canceled, the following fees are not refundable: application fees, course fees, fees for re-sitting examinations, re-submitting course work, repeating studies and application for exemptions.
  6. The School reserves the right to change the date, time and place of course meeting and to change the course lecturer/ tutor should be this be necessary.
  7. Receipts will be issued for fees paid but HKU SPACE will not be responsible for any loss of receipt sent by mail.
  8. For additional copies of receipts, please send a stamped, self-addressed envelope with a completed form and a crossed cheque for $30 per copy made payable to "HKU SPACE". Such copies will normally only be issued at the end of a course.